Targeted communication from providers key to AE awareness
Pension providers need to look for more innovative ways to improve engagement with their employees, according to Aegon.
This comes after the Office for National Statistics' (ONS) ONS Wealth and Assets Survey - released this week - found a fifth of UK workers are unaware of auto-enrolment (AE) into a workplace pension scheme....
More on Defined Contribution
'Headaches' ahead for DC illiquid investment over 'fiendish complexities' of performance fees despite charge cap inclusion
The Pensions and Lifetime Savings Association (PLSA) has welcomed plans to incorporate performance fees in the charge cap, but the Association of Consulting Actuaries (ACA) warned performance fees are “not the only headache” for defined contribution (DC)...
PensionBee draws 12,000 customer sign-ups for IPO with estimated market cap of £348m
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.
Industry Voice: The master plan
In Newton’s latest DC column, Catherine Gill explores how master trusts can evolve their investment strategies against a changing backdrop
TPR data reveals further consolidation in occupational DC market
The occupational defined contribution (DC) market consolidated further in 2020 with the number of trust-based plans falling substantially during the year, latest data from The Pensions Regulator (TPR) reveals.
UK mandatory pension provision half OECD average
Auto-enrolment (AE) contributions must rise to 12% to put the UK on par with the rest of the Organisation for Economic Co-operation and Development (OECD) countries, The Investing and Saving Alliance (TISA) says.
